Accounting and Finance for Non Financial Managers

TRAINING COURSE

Accounting and Finance for Non Financial Managers

Details

Accounting & Finance for Non-financial Managers is a 3 day course for managers in today's business world.

The aim of this course is to provide a firm foundation of accounting for the non-financial manager and to equip him/her with knowledge of the fundamental financial management theory and practice and the skills to apply this knowledge which will enable him/her to analyse a practical situation and apply the appropriate theory in order to find solutions to particular work-related challenges.

It is essential for individuals to have a working knowledge of finance. If you don't have training or a background in finances, you may be at a disadvantage as you sit around the management table.

  • Have a a grip on the major terms in financial literacy
  • Better understanding of the non-financial manager’s contribution to strategic decision making and a clear idea of the knowledge and skills needed in respect of financial statement analysis, cash flow analysis, the time value of money, capital budgeting and financial planning techniques, among others.
  • Be able to assess the financial performance and health of your firm.
  • Enhance your decision-making skills by integrating financial management concepts into your thinking.
  • Control the flow of money through your department.
  • Understand the budgeting process and forecasting techniques.
  • Manage your own budget, inventory and petty cash.

Delivery Methods

Leading Training is focusing on providing virtual training courses for the foreseeable future and will only consider in-person and classroom training on request, with a required minimum group size of six delegates. We remain committed to offering training that is fast, focused and effective.

Delivery Method Duration Price (excl. VAT)
Classroom 3 Days ZAR 8,250.00 Get a Quote
Live Virtual Training 3 Days ZAR 6,750.00 Get a Quote

Discounts Available

Save up to 10% by booking and paying 10 business days before the course.

Brochure:

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Information may change without notice.

Audience

The course is directed primarily at the non-financial manager who has no prior accounting and finance knowledge or who has the knowledge but needs refreshing on that knowledge. It will also serve as a basic guide, reference or springboard for further study in accounting and finance.

Pre-Requisites

None

Course Outline / Curriculum

 

After studying Accounting and Finance for the Non-financial Manager, you will be able to:

 

Unit 1: Introduction to Basic Accounting

  1. Understand what Accounting is and what it is all about

  2. Know and understand the primary objectives of accounting

  3. Understand who the users of Accounting information are

  4. Distinguish between Bookkeeping, Accounting and Finance

  5. Distinguish between Management Accounting and Financial Accounting

  6. Understand the financial goal of an enterprise

 

Unit 2: Basic Accounting Concepts and Conventions

  1. Understand basic accounting concepts and conventions

  2. Understand double entry system

  3. Understand the main groups of accounts

  4. Understand the financial position and financial performance of an entity

 

Unit 3: The Basic Accounting Equation and its Application

  1. Have a clear understanding of the basic accounting equation and its application,

  2. Understand the “DEAD and CLIC” rule



Unit 4: The Accounting Cycle

  1. Understand what the accounting cycle is and all the steps related to it

  2. Know and understand what source documents are and what role they play in the accounting process

  3. Know the elements that need to appear on a tax invoice as required by the VAT act

 

Unit 5: Recording of Transactions

  1. Know the recording of transactions in the journal and posting them to the ledger


Unit 6: Ledger Accounts and Postings

  1. Have a deeper understanding of ledger accounts and postings

  2. Understand the different types of ledger accounts

  3. Comprehensively apply the accounting equation in ledger accounts and be able to balance off ledger accounts


Unit 7: Value Added Tax (VAT)

  1. Know and understand what VAT is

  2. Know the characteristics of VAT

  3. Know and understand the two types of VAT

  4. Know and understand the computation of VAT

 

Unit 8: Trial Balance

  1. Know and understand the limitations of the trial balance including the different types of errors that cannot be detected by the trial balance and also the location of the errors

  2. Know and understand the purpose/advantages of the trial balance

  3. Be able to construct a trial balance

 

Unit 9: Financial Statements

  1. The different kinds of financial statements used by organizations and their importance

  2. How to prepare the different financial statements

  3. The components that make up the financial statements

 

Unit 10: Analysis of Financial Statements

  1. Analyse financial statements and add immense value to SARS by making informed decisions in so far as the financial status of an organization or individual is concerned

  2. Comprehensively understand the various ratios used in accounting and in which categories they are or should be used


Unit 11: Budgeting

  1. Have a general understanding of budgets

  2. Be able to prepare budgets

  3. Understand budget variance and budget variance analysis

  4. Know the types of budgets, behavioural aspects of budgeting, the objectives/purposes of budgets, categories of budgeting and the cash budget.


Unit 12: Profit Planning and Control

  1. Know and understand cost concepts, cost behavior, profit planning, steps in control, breakeven analysis

  2. Understand margin of safety and contribution margin


Unit 13: Time Value of Money

  1. Distinguish between simple and compound interest

  2. Know the computation of future amounts and their present values

  3. Understand the present value of an annuity


Unit 14: Capital Budgeting

  1. Have a deeper understanding of capital budgeting and capital budgeting techniques including the Payback period, Net present value, Accounting rate of return and the Internal rate of return

  2. Understand financing and sources of capital

 

Unit 15: Cost of Capital

  1. Be able to determine the cost of capital using the weighted Average Cost of Capital

  2. Know and understand market values, proportions and relevant returns.


Unit 16: Management of Working Capital

  1. Understand working capital and how it is managed

  2. Know and understand the effective handling and managing of accounts receivable and accounts payable

  3. Be able to calculate the operating cycle and the cash cycle

 

Schedule Dates and Booking

There are currently no scheduled dates.

Please note that this course needs a minimum of 6 delegates to schedule a course. You can choose to be added to the waiting list by clicking the button below, and we will contact you when we have enough delegates interested. Should we not get enough delegates, we will refund or credit your paid booking.

Add me to the waiting list

Should you need this course urgently, the following options are available:

  1. Pay for 6 delegates (whether you have them or not) and we will schedule the course as soon as possible.
  2. If you have fewer delegates and cannot pay for 6, we can negotiate a shortened course where some of the time will be spent in blended learning - watching videos and doing tutorials and exercises with some contact time with the trainer. We would want to discuss what your core needs are so that we cover those aspects. You need to have paid for 3 delegates at least.
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